Swedish krona (Swedish crown)

The Swedish krona (Swedish crown) is the currency in course in Sweden since 1873 and is divided into 100 øres.

Origins and history of the Swedish crown

The crown was introduced in Sweden, for the first time, in 1873 to replace the Riksdaler riksmynt, as a result of the agreements of the Scandinavian Monetary Union. After dissolving this Monetary Union, Sweden, Denmark and Norway decided to keep the names of their respective currencies.

Between 1873 and 1876 the first coins were introduced. Those of 1, 2 and 5 öres were of bronze, those of 10, 25, 50 öres, 1 and 2 crowns of silver and those of 10 and 20 crowns of gold. Also, 5 gold crowns were added in 1881.

The production of gold coins ended in 1902, but it would not do so until 1925. As a consequence of the shortage of metals during the First World War, iron replaced bronze between 1917 and 1919. Brass replaced silver in coins of 10, 25 and 50 öre in 1920, but in 1927 they were re-minted in silver.

During the Second World War there was also a shortage of metals, so the monetary cone changed again.